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. breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> it comes after speaker boehner left the white house. he didn't say anything to reporters and neither did anyone else who was seen leaving the meeting. here's what we do know. in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators reid and mcco
that's the case and also what you see is washington, including president obama and congress, they are like kids playing soccer, they go to whichever ball is next and don't look at the bigger picture. there was a gun-- a terrible shooting, now they want to do gun control. they have some-- it's from one thing to the next and rather than a bigger picture and dealing with things. >> and mark this the beginning of the end of the n.r.a. as a big tougher-- >> their approval. >> like the unions. >> and no, no, a lot higher than that. >> i repeat, still ahead on "the five." >> so, these are chicken wings. >> wow, minnesota or wisconsin, one or the other. >> music, ♪ i'm singing forever. >> i'm so glad i could introduce this. one of the great things about "the five" is all the fun they have at this table. we'll look at some of the wildest moments. you don't want to miss this. we'll be right back. ♪ let's twist again like we did last year ♪ ♪ ♪ in new york city, dancing in the street ♪ >> yes, sir, hello, excuse me. welcome back to "the five." my personal five, that's five
obama they may give new meaning of the term do nothing congress. >>> and senator mike crapo has decided not to fight the charges of his dui arrest which tests showed his blood alcohol was nearly twice the legal limit. >>> congressman chris van hallen said congress needed to reach a deal on the fiscal cliff by christmas. less than 48 hours until that cliff what does he think now? you are watching msnbc, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> the self-imposed 3:00 p.m. deadline the senate came up with for a deal has come and gone which means without a last minute deal starting january 1st tax hikes and massive spending cuts will be in effect. extended unemployment benefits have ended. we will be live on capitol hill with the latest developments coming up in just a moment. before we take you over to c
like that, obama, the deal maker, obama the praying mattist, to use democrats in the congress in that way, or not? >> i don't see their incentives as being that much different. i do think that president obama, the leader of the democratic party, really has the leverage. i don't -- i expect that if there is a deal, that democrats don't like, you'll hear grumbling from the democrats, but i would be very surprised if you hear outright revolt. what democrats in congress want is more money. that's what president obama is facing. a full second term of under very constrained circumstances. he wants more rev new. i think he also wants, as much as he feels like he has that sword over republicans, the fact is if the economy goes into recession, that is going to affect the prospects for a successful second term for him and n a profound way. >> congressman cummings, if i still have you, i'm interested in your take on this. i think some friction between even a democratic controlled white house and a democratic controlled house or a democratic controlled congress, there is some friction bui
accomplished. congress is the most unproductive session since the late 1940s. president obama has signed 290 bills passed by congress this year. this compares to 383 bills passed last year. his approval rating currently stands at a nice round that 18% according to politics average. from the youth list to the downright e'en, a survey from airfare revealed that flyers found -- nearly 25% of the vote. united airlines coming in second with 21% and followed by alta and u.s. airways. the social network suspending its new year's eve messaging tool. it allowed them to read the messages of private users. diane, a big raise. >> that is right. we are watching netflix shares very closely. this comes out after they cut his take last year. the stock is up almost 32% since the start of 2012. reed hastings is doubling his outlook. trading is light as expected. the dow is up 11. the nasdaq is up about 22. the s&p is up about five points. dagen: thousands of small businesses around the country are waiting for the outcome around washington. the results could have a serious impact when it comes to withholding t
. president obama has been trying to turn the heat on congress this weekend, applying new pressure on this interview with david gregory on "meet the press." nbc's kristen welker has more on that angle from the white house. good evening. >> reporter: kate you good evening. the president has repeatedly blamed republicans for the fiscal cliff stalemate and now, he is doubling down on that criticism. on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family that could mean a loss of $2,000 in income and the whole economy could slow down at a time went economy's actually starting to pick up. >> reporter: he, again, called on lawmakers to strike a deal or hold a vote on his plan, which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding, unifying theme. >> reporter: after the
, the democratic senator from iowa saying this deal doesn't look good to him. if a deal is reached in congress, the president still has to sign it. president obama set his terms and challenged the house and senate to get it it done. brianna keilar joins me now. is the president just sitting in the oval office waiting for a bill to get delivered to him? where's he in all of this? >> reporter: vice president biden is very much the president's proxy in all of this. it's easy to understand why. both the president and vice president served in the senate, but biden served in the senate for decades with all of the players that he now has to engage with. he knows the personalities. he knows the rhythms of the senate and of congress better than president obama, you could argue. it makes sense that he's serving as the president's proxy. this is something the president is engaged with. this is something the white house is very engaged with. he said yesterday he's optimistic that a deal can be struck. i think that's not surprising. that's what you'd expect to come from president obama. but we're also -- w
, president obama today called for congress to at least extend middle class tax cuts and unemployment benefits if no fiscal deal is reached. tax hike increase take effect january 1st. >>> the situation in the war-torn country is getting worse by the day. this weekend is proving him right. opposition activists say at least 397 people were killed across syria yesterday alone. if true, the deadliest day yet in almost two years in the civil war. the opizatiposition says more t 200 killed following a battle. >>> new england is getting a heavy dose of snow and freezing temperatures. boston is expected to get up to eight inches and the city's mayor has declared a snow emergency. neighboring rhode island is also getting pounded over a foot of snow has already fallen in some parts of that state. >>> some good news this morning about former president george h.w. bush. we're told he is improving and has been moved out of the intensive care unit of the houston hospital where he was being treated for an elevated fever. the 41st president has been in the hospital for more than a month now. >>> those are you
for the tax code in a continuing series on what president obama and congress should tackle in the next four years today. the "new york times" lead editorial is why the economy needs tax reform. that editorial today in the "new york times" if you want to check it out. we'll go now to linda from indiana this morning on the independent line. caller: good morning. afe couple points to make. i can't understand why a handful of bureaucrats are able to control all the american citizens. i think there ought to be term limits. and if they don't do their job, instead of electing people why don't we throw them all out and appoint somebody and when they don't do their job they're the ones who get the pink slip. i just don't understand the way this economy is going. the e.p.a. is regulating and pushing through cutting down on energy, the poor coal miners, because they want that clean energy. we've got a plant right here not just a few miles from me. they burn clean coal. if i was in there, they would probably have me assassinated in a week because i would have a line item veto every bit of pork barrel s
we heard from president obama who expressed frustration that congress has yet to come to an agreement. >> i have to say that ever since i took office, throughout the campaign, and over the last couple of months, my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it that solves our deficit problems in a balanced and responsible way, but with this congress this was obviously a little too much to hope for at this time. it may be we can do it in stages. we're going to solve this problem, instead, in several steps. one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> well, when all the dust settles, and as we know it is not settled yet, will we be able to say that one side or the other got more of what it wanted? with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard from the presid
in congress often resort to executive actions. obama even had a program for it called "we can't wait." the most famous "we can't wait" provision was on immigration, where he basically stopped the deportation on young hispanic people brought her as immigrants as children. that's, as you know, the fastest-growing voting population in the country. >> and quite possibly could have delivered him the state of florida. let's talk about some other interesting issues, highs and lows of the campaign, that happened within a month of each other, the first would be a low, that first debate, a lot of folks thought mitt romney was tipping the scales after that night in denver. >> well, astonishing, several things were going on there, i don't think president obama likes these debates. i don't think he really respected governor romney at that point, probably thought he might have been a bit of a lightweight, also a feeling president obama wanted to feel presidential and above it all and all those things combined for a horrific performance, even his aides would admit that and he would admit that at th
to use the money? >> senator, we heard president obama say in an interview that if congress can't get anything done and we go over the fiscal cliff, that plan "d" essentially is to have another vote on january 4th when the new congress comes in, and that would just be a straight up or down vote on extending tax cuts for middle class families making up to $250,000 a year. do you think that's what happens? >> i'm hoping that we resolve this today to give the american people some certainty. the president doesn't seem too eager to actually get involved and find solutions to deal with the number one problem facing our country. if you do what the president just proposed and raise taxes on those folks, it helps fund the government for seven days. it doesn't deal with our fundamental spending problem in this country. bottom line is the president is the only one with a pen who can sign into law something and he ought to be very involved with making sure that he gets something that he will sign that will pass both a republican controlled house and a democrat controlled
: happy new year to you, lauren. and on thursday, president obama signed an executive order that ends a pay freeze for congress and federal workers that is. as our march this coming here, federal employees will see 1/2% to 1% pay increase and get this, 535 members of congress will also get a raise. so, federal workers, 2 million of them already earn more than the rest of us, they get more. and congress, totally failing to do its job, will also get a raise. about 900 bucks each. do they deserve it? according to the latest rasmussen poll you say, oh, no, scott rasmussen joins us now. all right, scott, i've seen the numbers, 5% think that congress is doing a good or excellent job. that's it? >> that's it. 69% say they're doing a poor job and stuart, i know this is going to be hard to believe, i think those numbers are going to get worse. stuart: really? >> yeah, the reason i say that is we have all of this talk about the fiscal cliff negotiations, that are going to eliminate this middle class tax hike, but the fact is, payroll taxes are going up. if you make $50,000 a year, you're going
, president obama sign the executive order that gives executive worker as a pay raise. won wonders whether congress has earned their raise. grover and i have never agreed on anything rat all except the fact that congressmen shouldn't have had a raise on thursday. good morning, goo to see again. >> good morning. >> you continue to engage in the conversation which i always appreciate. let me ask you this, you don't want taxes going up on anyone. but when things looked like they were aat an impasse and house speaker john boehner, the highest elected in the country. put forward his plan b about a week ago, you read it through, and you said you would be okay with people who had signed this anti tax pledge of yours voting for that bill. voting for an increase of taxes. and you will phrase it differently. voting for something that will allow taxes to go up for those that make more than $1 million a year. that seems like a sea change. why did you agree to that? >> it wasn't a sea change. this is a written commitment by many congressmen and senators, governors, state legislators, that they'll oppos
the dreaded fiscal cliff when the clock strikes midnight. today president obama took one more opportunity to tell congress not to let that happen. >> part of the reason that i wanted to speak to all of you here today is to make sure that we emphasize to have congress and that members of both parties understand that all across america this is a pressing concern on people's minds. >> jared bernstein is an msnbc contributor and former chief economic adviser to vice president joe biden. jared, thank you for being here. >> thank you for inviting me, jonathan. >> take us through what happens if we do, indeed, go over the cliff tonight. >> well, if we go over the cliff and there isn't a new plan in the offing that could pass very quickly, and that's actually quite an if right now because they have been making some progress, then, you know, some bad stuff could happen when financial markets reopen. they would take a spike down because they have largely priced in a solution. a very serious problem, millions of people would face what's called a hard cutoff of their unemployment benefits. if you're
cliff 45 minutes from now. president obama will be watching with the rest of country for a deal to be hammered out. he thinks republican leaders need to bend. >> congress has not been able to get this stuff done not because democrats in congress don't want to go ahead and cooperate but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit and as part of an overall deficit reduction package. >> i'm joined by congresswoman barbara lee a democrat from california. good to see you. good morning. >> good to see you. glad to be with you. >> let me give you the republican perspective. it is that some indications they are willing to give on taxes whether 400 or 450,000, that yesterday they floated this idea of changing social security. they've backed off on that. they apparently are willing to give on some of these estate taxes. the democrats are willing to give on some of the estate taxes. but what the republicans want is they say that this deal that's being offered look
congress in history? >> the public is implicated in this. 2008 the public elected president obama, democratic house, democratic senate. 2010, a large number of people in the public changed their minds they got angry at us over health care, which was misunderstood, angry at us because we inherited a section that we weren't able to defeat because of their obstruction. in 010 -- in most democracies that would be it. we have a constitution under which it's called the staggered powers, checks and balances, the last three elections are there. the problem is in 2008 you had one group of people elected, in 2010, another. there wasn't simply the people in 2010 were conservative. very substantial number of the people elected as republicans in 2010 do not believe in governance. they do not understand there are things we need for the quality of life we have to come together. this isn't bob dole. this isn't howard baker. this isn't ronald reagan. these are people that are quite extreme. what's happened is that many republican whose believe in compromise and trying work things out some defeated
-racking for millions. president obama said a deal was in sight, but he slammed congress for stalling and for failing to reach a broader agreement. sources say the senate will try to vote tonight. we're not going to have a house vote tonight because the house has already adjourned until tomorrow, noon eastern time, which means we will not be able to solve this problem fully tonight if it gets solved at all. that's still not entirely clear. let's go to jessica yellin. if you've been watching over the last several hours, you get conflicting information. is there a deal or not? >> the white house is optimistic there will be a deal. republicans in the senate are confident there will be a deal. senate democrats are still holding out for more changes in this deal. and so right now, there's still that last haggling over certain sticking points that democrats want to see in this negotiation. and it's one of the reasons we understand that vice president biden is set to go up there. now, that's once the deal is done and sealed. the reason the vice president would go up there, it's to sort of sell the deal, bas
. >> if the house decides to take up the bill today, the full congress could vote on it tonight. >>> president barack obama said he was optimistic that a deal on the fiscal cliff could be reached. that might have been a mistake. ahead, more on the fiscal cliff and the dwindling hope that a deal can be reached. it's all part of our special coverage of the fiscal cliff crisis with me and ali velshi. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. [ phillips' lady ] live the regular life. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very
congress since recordkeeping began. in the course of nearly two years, the 112th congress has passed 219 bills that have actually been signed into law by president obama. but a lot of these laws were insignificant, things like the names of post offices. and a slew of bills passed by the house had no chance of passing the senate or getting the president's signature, like repeated attempts to repeal the affordable care act. the influence of the tea party lawmakers have been a clear factor. >> the tea party, which is not even on the screen about a year ago at this time, is a very domineering force. >> one story will be with us, the rise of the tea party. >> regardless of what those elites think, the tea party movement is authentic, grassroots movement. >> i wouldn't sell short these candidates. >> tea party americans, you're winning. >> it's a big mistake not to take it seriously. >> you think the tea party is here to stay? >> absolutely. >> this book was just named the best book of the year. good evening and congratulations. >> thank you, chris. happy to be with you. >> this fiscal cliff w
or eight months. >> okay. so we've got the latest here including president obama doing an interview for "meet the press." the senate is scheduled to reconvene at 11:00 this morning. any deal today would have to be rushed through both chambers of congress before midnight. as talks in the senate stalled yesterday, minority leader mitch mcconnell reached out to someone he believed he could help jump start the negotiations and perhaps deliver an 11th hour compromise, and that would be vice president joe biden. mcconnell and biden reportedly spoke several times by phone throughout the night after talks with harry reid came to a halt. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness, an interest, or frankly the courage to close the deal. i want everyone to know i'm willing to get this done. but i need a dance partner. >> before i continue to set the scene, anyone here think biden can make a difference? dan? >> not before the end of the day. i just think that even if the senate -- even if they work out a deal that's accept
in the final five minutes falling to 3 wins and 23 losses. >> pathetic. >> the bulls game of obama postponed because of snow last night. he's now making a final try with congress and there's no denying a new plan is in the works. even in the opening prayer to kick off today's proforma session in the house, the chaplain prayed for congress to make a deal. but they're now adjourned until sunday night and that is where we begin with nbc's white house correspondent peter alexander and mike vicquiera on the hill. >> reporter: when derek rose is back for the chicago bulls, trying to get those answers for you as soon as possible. >> thank you, i appreciate that. >> reporter: of course, the real question right now here at the white house is exactly what's going to happen over the course of several days and can they avert the fiscal cliff? to stick with your metaphor of basketball, if rose were to go the length of the court for fans on one side, left to right, fans on other side, right to left, if he scores it is the same basket but use the metaphor and apply it to the conversation of exactly where t
things done in a president's second term. and with the white house and congress focused exclusively on the fiscal cliff, what does it all mean for president obama's second term agenda? the president laid out some of his goals on sunday on "meet the press." >> there are a couple of things that we need to get done. i've said that fixing our broken immigration system is a top priority. the second thing that we've got to do is to stabilize the economy and make sure it's growing. number three, you know, we've get a huge opportunity around energy. we are producing more energy and america can become an energy exporter. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. >> joining me now, former spokesman for the democratic congressional campaign committee, doug thornel, republican media consultant kim, and my colleague at "the washington post" and white house reporter david knanakamura. doug, i want to start with you. the president's first-term agenda re
or grow the economy. there has been very little discussion about growth. congress did something great and president obama signed it. it was called the jobs act. it was about growth and a lot of growth through innovation. what it did is made easier forebitt entwhistles to raise money. they could crowd funds, go out to more people before having these commission regulations, they could do many other things they couldn't do under the present law. but it did require the security and exchange commission to issue some rules. it turns out those rules have still not been issued. it's been about a year now and they've been held up because the chairman of the sec, chairwoman, shapiro, no relation to me, decided to sit on them because she was concerned about her legacy, according to some e-mails. >> dave: here is what patrick mchenry, congressman said about all of this. quote, a direct result of pressure from one special interest group and the personal agenda of the chairman. where does this go from here? has it just been permanently shelfed? >> no. it can't be permanently shelfed because there i
earlier this month. just released gallup poll, most admired woman. president obama is the most admired man. >>> congress will spend part of the new year in session, trying to come up with a deal that will prevent the nation from going over the fiscal cliff. >>> the american academy of pediatrics has released a new statement encouraging elementary schools to let kids have their play time. recess gives children the opportunity to develop skills that can't be taught in the classroom, that it should not serve as a substitute for phys. ed. class. fond farewell 75 watt incandescent light bulb. under law, they can no longer be produced or imported as of january 1st though retailers can clear their remaining stocks. government will turn out the lights on traditional 60 and 40-watt bulbs in 2014. >>> it's what everyone is talking about, i think. reality tv star kim kardashian and rapper kanye west are expecting their first child. west made the announcement last night at a concert in atlantic city. west is 35. kardashian is 32, she is in the process of divorcing kris humphries, whom she married in 2
, president obama quietly signed a executive order that gives a small pay raise to two million federal workers and a small pay raise to all 535 members of congress. they will get an extra $900 each in the forthcoming year starting march 27th. but they get a pay raise. so the people who could not come to an agreement on cutting spending will in fact be spending more on themselves using money which we do not have. heather: speaking of all that spending we are expected to hit the debt ceiling in just hours. another blow to the economy. >> that means that we are about to run out of money and we can not borrow anymore. treasury secretary tim geithner says, well, we'll move some money around so we won't default on our obligations but nonetheless we are out of money. this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess continues for a few months. and we've still got to argue that out in congress between congress and the president. heather: geithner said last thursday, he called them, trort nary measures would have to be taken
four years. >> president obama said a deal is in sight and appeared at a campaign style event to remind everyone he is winning and g.o.p. is not. >> last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. the agreement currently discussed would raise those rates, raise them permanently. >> republicans suggest the event may backfire to accuse the republican of rubbing their nose in defeat. >> the president won. we know that. he won fair and square. isn't it now time to govern? >> the president was out of line with his comments at 1:30 afternoon. this is a delegate time. i think the democrats would be embased after what the president did. >> after months of the president promising a balanced approach there are only tax hikes for rich without new spending cuts. today he hinted at more tax hikes ahead. warning republicans that the future deficit reduction will not come from cuts alone. >> if they think that is the formula for how we solve this thing, they have another thing coming. that is not how it will work. >> republicans fire back
almost 90% of votes from whites, and president obama won over 40% from nonwhites. look at the states on issues like gay marriage or the obama health care plan. blue and red states leading you in very different directions. and you get to congress. the vast majority of leaders are voted in by those who are divided. have you two cohessive coalitions. it's harder to bridge them what is the alternative? we're all here, none of us are going away. we'll find ways to work together or find more self-inflicted wounds like the fiscal cliff. >> the idea, republicans and this is the idea that has been floated, will let us go off the cliff sor they or certain members won't have to raise taxes. >> they will cut taxes retroactive retroactively. >> seems like a bad way to go. >> look, this was a machine built to encourage compromise. and it may get easier for some republicans to come back in january if we go over the cliff. the reason, of course, all the bush tax cuts expire with the cliff, when you come back, you would only be voting to cut taxes on some force of the public, up to a certain income l
on growing our economy. but with this congress that was obviously a little too much to hope for at this time. sikh that was president obama sharing his thoughts on the debate over cutting federal spending. while there were reports of significant progress a short time ago. there is concern from republicans that they are giving the president the tax hikes he requested without getting spending breaks in return at a time when the federal deficits are running a trillion a year. the president talks about a balanced solution. we'll update as we hear more from the nation's capital. arthel: while the president blames congress for the problems in washington. a georgetown law professor says our problems start our constitution and announces we need a new form of government. i'm going to start with dee dee on this. i'm a big fan of hdtv. do we need to make over the constitution? >> let's get rid of the one thing holding us all together. washington is broken, obviously we have problems. is this guy crazy? i'll call him louie. dose want a monarchy. i think he should take a sabbatical to cuba or saudi arabi
in a sobering reali reality. we're talking about the major tax hikes for almost every one of us if congress does not reach an agreement on the fiscal cliff. president obama is now scheduled to make a statement about the negotiations. that's going to take place about 1:30 or so, in less than 30 minutes. we'll bring it to you live at the white house as soon as it happens. we want to talk about what is going on behind the scenes. you have negotiations led by the vice president and senate minority leader mitch mcconnell. sources are telling us they are making some progress, but here's the catch. if a deal is reached, there is no guarantee it's going to pass. here's what democratic senator tom harkin said on the senate floor earlier this morning. >> if we're going to have some kind of a deal, the deal must be one that really does favor the middle class. the real middle class. those that are making 30,000, 50,000, 60,000, 70,000 a year. that's the real middle class in america. and as i see this thing developing, quite frankly, as i've said before, no deal is better than a bad deal, and this looks like
not been revealed. her hospitalization is likely to further delay her testimony before congress on the benghazi attack, a key demand of senate republicans. today a new senate report on benghazi heaped more blame on the state department's security procedures. president obama acknowledged lapsed that the white house would take immediate steps to resolve. he rejected criticism that he would let his u.n. ambassador twisting in the wind, susan rice, instead of training fire on republicans. >> information a politically motivated attack on her. she probably had the least to do with the attack on benghazi. why she was targeted individually for the kind of attacks that she was subjected to is -- it was puzzling to me. >> the process also seems to be playing out with one of obama's top picks to lead the pentagon. the president was quick to praise republican former nebraska senator chuck hagel, but was just as quick to say he hadn't made up his mind. >> i haven't made a decision about who to nominate. >> anything disqualify him? >> not that i see. i have serbed with chuck hagel. he know hi
't think it will go into february. i really don't. i think it will be the new congress, you know, coming in with all kind of bluster. this is the first thing they want to go done. ambition from the new congress. there's really not a whole lot -- i believe president obama thinks he can blame the republicans and history will be kind to him if he does. i don't know about a recession. i think we get about a 12-month deal. but there's still a lot of headwinds. that longshoreman's strike knot a small !mnw34>> welcome back pop "squawk box." dow looks like it would open down. it's gotten worse this morning. up about 67 points. s&p would be off over 6 points. the fass dak would be off over 14 points. >> and we weren't in the -- that down a few minutes ago. >> right. >> what did bob iaccino say? >> it might not have been him. >> is ed doing it? who is doing it? >> anybody who had any real money to trade would have traded it before the holidays. very, very thin markets right now. >> and i don't know if we're going to have a chance to talk about your -- >> yeah, we will have a chance t
. then at 8:00 a.m. eastern, senator ron johnson and bob corker. president obama issued a warning on "meet the press." >> on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up. >> but after it was all said and done, leaders on the senate floor couldn't get anything done, at least not yet. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know, i'm willing to get this done, but i need a dance partner. >> this morning, we've been trying to come up with some counteroffice to my friend's proposal. we haven't been able to do that. i've had a number of conversations with the presid
clear throughout the 112 congress. eric cantor the majority leader is a bit different, somewhat younger than boehner, a very clever guy, very very ambitious. he has his own channel to the obama white house as he and vice president biden are very close and i think they found they need each other i believe it was biden and this would not surprise any of you that was leaking to eric cantor that speaker boehner was pursuing separate talks with obama during the so-called -- in which eric cantor was a part. this may cantor livid and he walked out of those talks because of the dynamics going on with boehner. does this sound childish to you? >> the question i'm going to ask is that eric cantor walked past john boehner leaving out an open window -- window he would not hesitate to push him with a? >> for one 11 thing boehner is an even tempered so is boehner. unless the moment is absolutely right you tend not to be able to get ahead by declaring. >> the there is a -- between cancer and boehner. >> working more or less in the middle is the majority whip kevin mccarthy. mccarthy has, he has only
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